The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 2/2024.  Finance.

Elena A. Osadchenko

postgraduate student, assistant of the Department of Finance and Risk Management of the Siberian Federal University, Krasnoyarsk, Russia

ORCID: 0000-0003-2792-4652

PROSPECTS FOR THE ORGANIZATION, REGULATION AND TAXATION OF MINING IN RUSSIA

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Abstract

Сryptocurrency mining in Russia is not regulated by current legislation today, but the authorities recognize the existence of a business in this area that needs to be legalized. According to the scientific analysis, a low level of development of cryptocurrency mining organization, regulation and taxation issues was revealed. The international experience in this area has been summarized, such activities are generally prohibited, but there are countries where both regulation and taxation are carried out. The author has developed a model for the organization, regulation and taxation of cryptocurrency mining in the Russian Federation using the example of the first cryptocurrency – bitcoin, which involves embedding it into the current legal system without making significant changes in order to reduce time and administrative costs.

Keywords: mining regulation, mining taxation, taxation, cryptocurrency, bitcoin, mining, crypto assets.

JEL: G18, H25, K34

EDN: EORWBZ

DOI: https://doi.org/10.52180/2073-6487_ 2024_2_116_136

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Manuscript submission date: 03.03.2024  

For citation:

Osadchenko E.A. Prospects for the organization, regulation and taxation of mining in Russia // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2024. № 2. Pp. 116-136. (In Russ.). https://doi.org/10.52180/2073-6487_2024_2_116_136  EDN: EORWBZ

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